flipside capital

"There is no instance of a nation benefiting from prolonged warfare." — The Art of War, Sun Tzu

The global markets have been very exciting for short and medium-term macro traders in recent months. The extremely choppy markets however have not been kind to most intraday traders looking for breakouts in US stocks. This blog post will look at larger patterns driving the choppiness in the US markets and where the opportunities lie. Global Macro has ruled the markets in the past 6 months. Big macro themes and liquidity flows have largely determined market outcomes in the recent months, especially this year. This is a big shift from the previous years (until mid-2025), when you could follow the beta and get outstanding market returns. I will examine the different themes in the market that have led or are still leading this shift. What is sucking liquidity out of the high beta US stocks and where is the capital going?